# NATCO
RICHMOND, IN · NCUA charter 65208 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/natco-65208

Who the members are: state charter, organized 1945, low-income designated. 17,160 members of 210,000 potential (8.2% of the field); checking penetration 84% (share draft accounts per 100 members); loans per 100 members 86.

**Verdict on the desk:** this could be *ordinary*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $155.4M |
| Members | 17,160 (-1.4% YoY) |
| Full-time staff | 72 |
| Net worth | $25.9M |
| Net worth ratio | 16.7% (p90 of band) |
| ROA (annualized) | 1.28% (p82 of band) |
| Total delinquency | 1.15% (p78 of band) |
| Net charge-offs (annualized) | 0.63% (p76 of band) |
| Loans / shares | 90% (p90 of band) |
| Cash / assets | 7.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 6.43% (p100 of band) |
| Operating expense / assets | 7.78% (p100 of band) |
| Vehicles % of loans | 54% (p77 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p16 of band) |
| Vehicle delinquency | 1.10% (p76 of band) |
| Vehicle NCO | 0.40% (p44 of band) |
| Repossessed % of vehicle book | 0.05% (p72 of band) |
| Real estate % of loans | 19% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 19% |
| Commercial % of net worth | 1% |
| Core shares % of member funds | 87% |
| Certificates % of member funds | 7% |
| Average share balance | $3,125 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 86% |
| Loans granted per 100 members, annualized | 26% |
| Average loan balance | $7,999 |
| Loans granted, annualized | $56.5M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **expense trap** (`earn_opex`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | expense trap, charge-offs p90 |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | delinquency 2x band |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 4 | margin squeeze |  |
| 2020-06 | 6 | net worth falling, auto monoline |  |
| 2020-09 | 6 | members leaving | auto monoline |
| 2020-12 | 4 |  | net worth falling, members leaving |
| 2021-03 | 4 |  |  |
| 2021-06 | 4 |  |  |
| 2021-09 | 4 |  |  |
| 2021-12 | 4 |  |  |
| 2022-03 | 3 |  | margin squeeze |
| 2022-06 | 3 | net worth falling | delinquency 2x band |
| 2022-09 | 3 | delinquency 2x band | net worth falling |
| 2022-12 | 2 |  | delinquency 2x band |
| 2023-03 | 4 | delinquency 2x band, auto monoline |  |
| 2023-06 | 3 |  | delinquency 2x band |
| 2023-09 | 4 | delinquency 2x band |  |
| 2023-12 | 3 |  | auto monoline |
| 2024-03 | 4 | auto monoline |  |
| 2024-06 | 3 |  | auto monoline |
| 2024-09 | 3 |  |  |
| 2024-12 | 3 |  |  |
| 2025-03 | 3 | net worth falling | delinquency 2x band |
| 2025-06 | 2 |  | net worth falling |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 | net worth falling | charge-offs p90 |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-03-04 [6 Credit Unions in 5 States Appoint New CEOs - CUTimes](https://news.google.com/rss/articles/CBMihwFBVV95cUxQUmk1VnNUSWhkQXVMQVBpbDRhTE8tVjZmaFNPWkpmYkpXbW1FZnBvN2R2SlBJTnk0M2VyU08zNnNVUlpSTXV5UVpaTzBMMHNxcW9GNHhWTHdVNHZJZnlfV01uN2dZcjZzSm9Zd3k3OHVsY3ZBb2JqS09YbVRQNW1HWEJIUkU3Y00?oc=5) · CUTimes
- 2026-05-28 [Kemba finds downtown Richmond space - Western Wayne News](https://news.google.com/rss/articles/CBMic0FVX3lxTE93UFNDV25maVdHR3c5djQ0ZGFrZ1N5R3VRemVvM0RaTExBblh1eEJENG45dTk2QzYzZ2hpc2d6VEZ1OThWdkNjSE5oTnZDSWRKZXRBZ0pmTktabmlZVDFoZndNSUVGR3lSaUd0R3JrTGpHdmc?oc=5) · Western Wayne News
- 2026-05-13 [MeridianLink Celebrates 2026 Arc Award and Customer Choice Award Winners - Business Wire](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPdDZIVnJfY2szV1UzX19LbjF0NzViaEV3YW5MLU5HelhlaFNCNkg2ZHhjZ3A2U1ZMelNaakhMNWhhbXItVzVSZkh6N2tPYnNheElneTgtcUVBbDhIWWdiS0xSc2xkbkhfSUtXemNHcHNBRnhHOTBpQWY1T2xISVZ6eTFtSmZlWlFKQi1sUll6YkM1Z0J1U1FIX1ZsQUpyZnFyX1pFMFdvWk1CN3cyN2MwU2Y5d05xUTAtOWJ2YjlkcUxWZjlNSTNINA?oc=5) · Business Wire
- 2026-04-20 [Credit Unions and Fintechs Take the Stage at Eltropy EMERGE 2026 with Customer Story Sprints and Fintech Innovation Showcase - citybiz](https://news.google.com/rss/articles/CBMi9gFBVV95cUxNTGxzTHRkM1ZfOVJyWDgyY2xPSjFmdDdFY3JjNnB5VTNqV21VNEo3U0NfTHJkaTBzOFNZczFfQzNPTWlNOFcxeVc3LTZORDZvWUZJYUk1Y0wzVXFnUmo2MDl6cTBhQlBEY0pGclJxdmgwR2F5Rzk4RF95MnpzQTJ3RW9XcU5VUVlOcW5BVVZtUHNwMkFaTHRYX05iM0g2SjFzeUs5ak9iUlVhQUlzby02cjZiaDVoYUl0RnRVQnRQYkVzdE9SaVAxVlM4TFRXRWowb2F4WDMtcklBQ0lDalRHNlBOTTJZM3VoYkNnb2tuVnRMaTFVNmc?oc=5) · citybiz
- 2014-12-30 [Text scams target bank customers' debit cards - pal-item.com](https://news.google.com/rss/articles/CBMisgFBVV95cUxPTjM0UGpaWnBVOEtJZlFvVVN5YWxTcVpyTkhfNVpUWU9yb2hjU1VZRTZnano0Q25IY3hWMVUtODZiUzM1RUdkY1ZkcFlHVzVwdElXRHA3X0dGZThnQ2l1ZVpfUE4xdmY1UTlIa3NHQlV0LS16M2ZEMGhfeU5RRVVsenJNQXBXSG90bHJKUU1Kbk5GbTBWTU55cjZMeG1KcGQyQTRYcTI1R0NmQ002RVNqaTZR?oc=5) · pal-item.com
- 2023-01-24 [Palette to Palate will be magnifique - news.iu.edu](https://news.google.com/rss/articles/CBMigwFBVV95cUxNVEJ4cVAyaXd4VGdpYjRYSUdCa3NtQXpyQk1CaGV4cDRGR3lnakdUUTUwM0ZESmpCSE1QanRZamEyUjZYQWxwaEpNUGphcGhaaXdETV9DZV9Sa2VtRThDdXo1cXp4OTVIVXZoMWJKY1ByNEU1WkV2RkZacjdZX0QxUzJkOA?oc=5) · news.iu.edu
- 2024-06-27 [Eltropy Announces Key Enhancements to Unified Conversations Platform - MarTech Cube](https://news.google.com/rss/articles/CBMingFBVV95cUxNN3ptQk51RDhTZU5HSmlydjQxOGJqRFhwNTk3YmluOWpsbF9LVC03aHpHa2d3Z3ZuNlU3ZmI1cHJFc3NfVUFtVmszeExPRnVFdlhjMkIxS3Bla3UwTzBPTmVKYjQtaUdLMDF0WHNtQVRpMWRuTnVnVGFoZVdMYUZPMmR4Wmh2THFEZmpyVFBlcFVta2JXYjYxSEVDdHNQZw?oc=5) · MarTech Cube
- 2024-06-01 [Jessica Nichol Burkhardt Obituary (2024) - Richmond, IN - Doan & Mills Funeral Home - legacy.com](https://news.google.com/rss/articles/CBMihwFBVV95cUxPdmd5T2hpRk4zclZqaWhXLUJPN0xPT0lVdjFfa25pSEtUdVZxN1hIc1lyNGtvMzc0NVE5V1NmaFF0MTViVWVzNkVmX2NyYjVYcWtPVFN3aG9fUHhfLThxV1BMSlNsbTktZHgtLWFSdXpfN3RmZDF0aHZPZU9ubVQzS250NmVXMGs?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=65208 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/56.json (key "65208", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=65208
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide